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Liverpool forwarder Warrant becomes employee owned trust

[ February 1, 2023   //   ]

Liverpool based freight forwarder Warrant Group has become an employee owned trust after owners Ian Jones and Lynsey Morrison sold 90% of their shares. They will step back from the business over time.

Andy Simpson (pictured, below) has been made managing director and John Healy finance director.

An employee owned trust acquires and holds a controlling interest in a company for the benefit of its employees, giving the effect of employee ownership but without them having to own or buy shares.

Ian Jones said: “As owners of Warrant Group, Lynsey and I felt that an employee owned trust fitted perfectly with our company ethos and secured the long-term future of the business.

“This will ensure that our core values, culture and legacy will continue for many years to come.

“We are delighted that Andy Simpson will be taking over as managing director, John Healy as Finance Director and they will be supported on the Board by Lynsey who will take up the role of chairman and myself in a non-executive director capacity.”

Andy Simpson said: “This is an incredibly exciting time for Warrant, and I am proud to be leading the business into an ambitious new era to drive fresh growth with an amazing new brand and the collective strength of our Warrant Family.

“Our ‘we can’ DNA and customer service experience is without question, class leading, and I am genuinely looking forward to engaging with new contacts and forging new relationships.

“Our solutions are perfectly suited to anyone looking for a fresh alternative to industry norms.

“I want to thank both our clients and suppliers for their continued support, and I look forward to laying out my vision for the future

“My leadership goals are perfectly aligned with the Employee Owned Trust and I look forward to working with them for the benefit of the business.”

A new brand and website have been launched to coincide with the changes.

Group picture: Jelena Steponaviciene, supply chain coordinator, Paul Lennon, supply chain coordinator, Gennika Brown, commercial coordinator, Laurence Riley, supply chain coordinator, Sasha Nugent, supply chain coordinator.

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